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saft groupe sa (SGPEF) Details

Saft Groupe S.A. designs, develops, manufactures, and sells non rechargeable and rechargeable batteries for industrial and defense applications. The company’s Specialty Battery Group segment manufactures primary and rechargeable batteries for applications, including water, gas and electricity utility meters, automated meter readers and road tolling systems, computer memory back-up systems, satellites, radios and other portable systems for military use, missiles, and torpedoes. Its Industrial Battery Group segment manufactures rechargeable batteries used for standby power supplies for industrial applications, telecommunications networks, vehicles, and the aviation and rail industries, as well as the storage of renewable energies. The company offers its products to original equipment manufacturers, distributors, and final end users. Saft Groupe S.A. has operations in Europe, North America, Asia, Oceania, the Middle East, Africa, and South America. The company was founded in 1918 and is headquartered in Bagnolet, France.

saft groupe sa (SGPEF) Key Developments

Saft Plans to Raise Dividend for 2014; Announces Consolidated Earning Results for the Fourth Quarter and Full Year of 2014

Feb 19 15

Saft announced that it would raise dividends for 2014 by 5.1% on the year to EUR 0.82 per share.
Saft announced consolidated earning results for the fourth quarter and full year of 2014. For the year, the company reported a 31.8% yearly surge in 2014 net profit to EUR 48.1 million, driven by a strong performance in the Li-ion segment and sales growth in Asia. Consolidated sales grew an annual 8.7% last year to EUR 678.4 million. The industrial batteries division boosted sales by 13.3% to EUR 415.9 million with particular growths in both Li-ion and nickel segments. Revenue of the group's specialty batteries business climbed 2.1% to EUR 262.5 million. Sales in Asia hiked 18%. The group registered a solid cash flow generation last year, free cash flow (FCF) rising to EUR 46.2 million from EUR 16.6 million. The net financial debt at the end of the past year was narrowed to EUR 77.4 million from EUR 111.6 million at end-2013.
For the fourth quarter, the company sales went up to EUR 191.5 million from EUR 186.1 million a year earlier. Earnings before interest, tax, depreciation and amortization (EBITDA) totalled EUR 104 million, rising 12.4%, while earnings before interest and tax (EBIT) surged 18.2% to 64.4 million. EBITDA margin gained 50 basis points to 15.3%.

Saft Secures Li-ion Battery Contracts in Japan, Canada, Australia

Feb 19 15

Saft announced that it had concluded contracts to deliver Li-ion battery systems to projects in Japan, Canada and Australia. Takaoka Toko Co Ltd, a subsidiary of Tokyo Electric Power Company, has selected Saft's Intensium Max Li-ion containerised battery system to provide energy storage for a demonstration project on the remote Japanese island of Niijima. Saft said this is its first energy storage system (ESS) contract in Japan. In Canada, Saft has been awarded a contract to develop and install an extreme temperature battery energy storage system (BESS) to be used in a hybrid micro-grid that will deliver clean power to a community located about 50 miles (80.5 km) north of the Arctic Circle. The contract was signed with the Northwest Territories Power Corporation. Thales Australia has picked Saft to deliver Li-ion battery systems with a capacity to power up to 1,300 Hawkei military tactical vehicles. Saft will begin deliveries by the end of this year's first quarter and, if successful, will receive a follow-up contract in the third quarter.

Saft was selected by Thales Australia to deliver Li-ion battery systems that have the potential to power up to 1,300 Hawkei military tactical vehicles. The order signals the growing adoption of Li-ion technology for use in high-power military vehicle applications. Saft will begin deliveries of advanced Li-ion batteries for use in prototype vehicles in the first quarter of 2015 and, upon success, will extend to a follow-on contract for further vehicles early in the third quarter of 2015. The Hawkei represents the next-generation in protected mobility for defense forces that are challenged by Improvised Explosive Devices, mines or small arms ambushes. It is highly mobile, armed and light. The helicopter-deployable unit fulfills a number of operational roles and takes advantage of its small size to move stealthily, remain hidden and provide levels of coverage and safety critical to military use. It is equipped with weapons and systems that provide unparalleled situational awareness and lethality for a vehicle of this size and weight. The Saft Li-ion battery system features an advanced, lightweight design within the dimensions of a traditional lead-acid battery, enabling easy integration into the vehicle. The system will power starting, lights, ignition and silent watch capabilities for the Hawkei vehicle. Saft's long-life solution meets mission objectives to achieve higher, more compact power and energy efficiency; enabling fewer battery replacements and reducing lifecycle costs.

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